Intangible Assets

6 Months Ended

Dec. 31, 2022

Intangible Assets

Intangible Assets

Note 9. Intangible Assets

Intangible assets, net as of December 31, 2022 and June 30, 2022 consisted of the following:

	Weighted	Gross Carrying Amount				Accumulated Amortization				Intangible Assets, Net
	Avg. Life	December 31,		June 30,		December 31,		June 30,		December 31,		June 30,
(In thousands)	(Yrs.)	2022		2022		2022		2022		2022		2022
Definite-lived:
KUPI trade name	2	$	2,920	$	2,920	$	(2,920)	$	(2,920)	$	—	$	—
KUPI other intangible assets	15		19,000		19,000		(8,995)		(8,362)		10,005		10,638
Silarx product rights	15		18,531		20,000		(6,383)		(6,222)		12,148		13,778
Other product rights	7		17,242		16,242		(9,756)		(8,479)		7,486		7,763
Total intangible assets, net		$	57,693	$	58,162	$	(28,054)	$	(25,983)	$	29,639	$	32,179

For the three months ended December 31, 2022 and 2021, the Company recorded amortization expense of $1.4 million and $3.8 million, respectively. For the six months ended December 31, 2022 and 2021, the Company recorded amortization expense of $2.6 million and $7.8 million, respectively.

Future annual amortization expense consists of the following as of December 31, 2022:

(In thousands)	Amortization
Fiscal Year Ending June 30,	Expense
2023	$	2,095
2024		3,874
2025		3,840
2026		3,673
2027		3,535
Thereafter		12,622
	$	29,639